Credit Suisse Group upgraded shares of CarMax (NYSE:KMX) to a buy rating in a research note issued to investors on Monday, December 25th. The firm currently has $83.00 price target on the stock.
Several other research analysts also recently commented on the company. Deutsche Bank downgraded CarMax from a buy rating to a hold rating and set a $76.00 price objective on the stock. in a research note on Friday, November 17th. Zacks Investment Research cut CarMax from a buy rating to a hold rating in a report on Tuesday, August 29th. Northcoast Research upgraded CarMax from a neutral rating to a buy rating in a report on Thursday, December 14th. Wedbush restated an outperform rating and set a $77.00 price objective (up previously from $73.00) on shares of CarMax in a report on Wednesday, September 13th. Finally, Oppenheimer restated a hold rating and set a $80.00 price objective on shares of CarMax in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. CarMax has a consensus rating of Hold and an average price target of $77.07.
Shares of CarMax (KMX) opened at $71.91 on Monday. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax has a 12 month low of $54.29 and a 12 month high of $77.64. The company has a market capitalization of $13,000.00, a price-to-earnings ratio of 19.28, a PEG ratio of 1.19 and a beta of 1.48.
CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. equities research analysts anticipate that CarMax will post 3.86 EPS for the current year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $75.16, for a total transaction of $601,280.00. Following the sale, the director now owns 463,572 shares in the company, valued at approximately $34,842,071.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William R. Tiefel sold 13,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $75.30, for a total value of $978,900.00. Following the sale, the director now owns 151,659 shares in the company, valued at approximately $11,419,922.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,453 shares of company stock worth $4,684,291. Company insiders own 1.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CarMax by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after buying an additional 380,038 shares during the last quarter. BlackRock Inc. boosted its stake in shares of CarMax by 0.5% in the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after buying an additional 53,840 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of CarMax by 1.5% in the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after buying an additional 142,175 shares during the last quarter. Broad Run Investment Management LLC boosted its stake in shares of CarMax by 0.9% in the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after buying an additional 29,846 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of CarMax by 751.0% in the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after buying an additional 1,895,763 shares during the last quarter.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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